ANTIPODES PARTNERS Ltd Makes New $150.99 Million Investment in Sempra Energy $SRE

ANTIPODES PARTNERS Ltd acquired a new stake in Sempra Energy (NYSE:SRE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,677,951 shares of the utilities provider’s stock, valued at approximately $150,993,000. Sempra Energy accounts for approximately 3.4% of ANTIPODES PARTNERS Ltd’s investment portfolio, making the stock its 8th biggest position. ANTIPODES PARTNERS Ltd owned 0.26% of Sempra Energy as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SRE. West Wealth Group LLC grew its position in shares of Sempra Energy by 1.1% during the 3rd quarter. West Wealth Group LLC now owns 10,207 shares of the utilities provider’s stock valued at $942,000 after acquiring an additional 112 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Sempra Energy by 1.7% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,911 shares of the utilities provider’s stock valued at $622,000 after purchasing an additional 113 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Sempra Energy by 24.4% during the second quarter. Manchester Capital Management LLC now owns 642 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 126 shares during the period. Westside Investment Management Inc. grew its holdings in Sempra Energy by 51.2% during the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the period. Finally, Mendel Money Management increased its position in Sempra Energy by 1.6% in the second quarter. Mendel Money Management now owns 8,476 shares of the utilities provider’s stock worth $642,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SRE. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Wells Fargo & Company reiterated an “overweight” rating and issued a $112.00 price objective (down from $115.00) on shares of Sempra Energy in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, January 21st. Citigroup reaffirmed a “neutral” rating and issued a $99.00 price target (up from $80.00) on shares of Sempra Energy in a report on Monday, November 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $101.00 price target on shares of Sempra Energy in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.17.

Sempra Energy Trading Up 0.5%

NYSE SRE opened at $93.48 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. The stock’s 50-day simple moving average is $88.96 and its two-hundred day simple moving average is $88.28. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.74. The company has a market capitalization of $61.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 3.51 and a beta of 0.74.

Insiders Place Their Bets

In other Sempra Energy news, CFO Karen L. Sedgwick sold 7,564 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $92.29, for a total transaction of $698,081.56. Following the transaction, the chief financial officer directly owned 41,280 shares in the company, valued at $3,809,731.20. This trade represents a 15.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Sempra Energy Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.